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The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Month January February March

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The number of blood tests performed and the related costs over the last nine months in Brentline Hospital are given below: Month January February March April May June July August September Blood Tests Performed 5,965 7.900 5,415 4,945 5.105 4,200 4,615 5,515 5,955 Blood Test Costs $37,715 $47,360 $33,950 $31,225 $32,621 $27,380 $29,093 $34,247 $37,403 Required: 1. Using the high-low method, estimate the cost formula for blood tests (Round cost per unit answer to 2 decimal places.) COS 2. Using the cost formula you derived above, what blood test costs would you expect to be incurred during a month in which 5,300 blood tests are performed? (Round your intermediate calculations answer to 2 decimal places.) Variable cost Fixed cost Total cost S 0 PAY 1 of Next > Mc

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